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of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning signs that there was an imminent attack coming. there wasn't a specific threat, but a lot of attacks on other western targets that should have been a clue that there was deteriorating security situation and
. >>> south korean rapper psy receives a warm welcome in washington despite his past anti-american comments, and president obama getting some flack for attending that performance. >>> plus the bizarre saga continues. american tech mogul john mcafee fighting deportation to belize. he holds a news conference from behind bars. you'll hear what he has to say. "cnn newsroom" starts right now. >>> good morning, everyone. i'm ted roland sitting in for carol costello. we bring in fallout for the radio prank calling the hospital. the nurse that was duped by the call, the bosses of those deejays have cancelled their show, and for the first time, those deejays are speaking out. >> there is nothing that can make me feel worse than what i feel right now and for what i feel for the family. we're so sorry this has happened to them. >> cnn's matthew chance is outside the hospital with the very latest. matthew? >> reporter: ted, thanks very much. you heard a snapshot of the kind of raw emotion that was expre expressed in that interview with these two deejays medical -- mel grieg and michael christian gave,
cleveland and buffalo. high winds are threatening to delay flights in new york, philadelphia and washington. >>> the report you're about to see has very graphic images of people hurt and dying. the latest from western syria, where more than 100 people were killed today as they waited in line for bred. mohammed jamjoon is in bay routes. >> reporter: a scene filled with carnage. a massacre, screams the man. they targeted the bakery. a bakery where hungry civilians have been standing in line to get bread. one eyewitness described the grizzly aftermath. >> from 200 meters away, i could see corpses as i walked toward the bakery. bodies piled on top of each other, it was an impossible scene. there was no word to describe it. >> he was one of the first on the scene filmed this video. the wounded are carried away as rebels and civilians dig up mangled corporations from the rubble. shock and grief quickly turned to anger. where are you world asks this man pointing to the destruction. come see the bodies. they were waiting for bread. activists tell cnn this town is full of anti-regime sentiment. >> h
bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is, soledad, after all of the weeks, is democrats still believe republicans have the problem. they need to deal with the debt crisis by raising more revenue, meaning raising more taxes and republicans still think democrats are the problem. they are not offering enough in spending cuts. the issue is, reality, democrats, the president has the most leverage. has had the most leverage, republicans know that. everybody see where is this will probably go. republicans have to give some on the rate increases for the most wealthy. and the question, when is it most politically advantageous for both sides to agree to
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with
absolutely right. what happens if we settle on what washington thinks is a big win? let's call it $3 trillion. >> i think $3 trillion, $4 trillion will be a sufficient number, erin, to sort of calm investment markets and to produce a real economy that is growth positive as opposed to growth negative. you know, the real problem going forward is, you know, we are going over the cliff no matter what and depends on whether we go over like will e. coyote or road run we are a parachute. that's the road runner with a ra pa ra chute and there's more taxes to raise and entitlements to cut over the ensuing years. >> that's i guess the problem. i prefer to be roadrunner with a ra pa parachute. how can washington do the deal that prevent it is country from -- to give a sense of the outcomes, could be borrowing costs skyrocket. the costs are very serious in the long term. right? >> i think they are. it involves what's known as fiscal drag to economists. basically when you raise taxes and lower entitlements, lower federal spending, that reduces economic growth and it will. it just depend on how slowly or h
to go up. but we only run the house. democrats continue to run washington. >> call me a hopeless optimist, but i actually still think we can get it done. >> eamon javers live in washington. eamon, fascinating to look at that tape in retrospect. >> i think a lot of people in washington think the make-or-break deal making sessions have already happened here. and one republican senator i talked to this morning said there are very low expectations now for this meeting at the white house today. and boy, how times have changed, carl. just watching that tape that you just ran. one of the things that i'll be watching for when i'm standing on the white house north lawn this afternoon is whether or not these four congressional leaders come out as they did back in november and talk to the press after the meeting. we've had a lot of meetings at the white house where people have left very quickly, gotten into a suv and driven off the complex without talking to reporters. if they come out to those microphones after this meeting and come out together, i think that will be a hopeful sign that pe
washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i
, everyone. you're watching "morning joe" brewed by starbucks. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. sure. cake or pie? pie. apple or cherry? cherry. oil or cream? oil or cream? cream. ♪ [ male announcer ] the sound of reddi-wip is the sound of joy. that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds video, info, and playalongs to spice up your favorite shows. download zeebox free and say "woah" every time you watch tv. >>> oh, it's time to take a look at the "morning papers," shall we? >> yes. >> 27 past the hour. "the new york times." in a major diplomatic shift for the united states, the obam
. >> the markets watching washington and shuttling back and forth between the white house and the capitol. eamon javers has the latest. >> it looks like at this point the senate is going to have to come back on december 26th to take up among other pieces of legislation the fiscal cliff solution. apparently. so whether or not that's set in stone, we don't know. but it looks like they're floating now the idea of coming back after christmas to finish up a fiscal cliff deal. and the evidence we're getting closer to the deal came today with speaker boehner going for another meeting with president barack obama. he did not answer reporters' questions. we don't know exactly what was said in that meeting, but we know boehner has proposed new tax revenue of up to $1 trillion and agreed to the idea of raising tax rates in order to do that including on those folks making more than a million dollars a year. at the white house jay carney was asked whether the president's going to stick to his $250,000 a year threshold for tax increases. carney kind of wiggled around that question, didn't pin himself down. giv
as the "wall street journal" nbc poll. let's go to washington to the senior congressional correspondent. dana, you talked to the two men who spent their careers in congress making deals like this. how do they pull it off? >> it was a fascinating conversation. the two men you are talking are about two former senate majority leaders. a republican and a democrat. trent lott and tom daschle. they worked on opposite sides for almost a decade. that is the question i asked. it wasn't always pretty, but how did you come up with deals when you had touch negotiations like what's going on right now. the answer was simple. talk to each other. >> i do think that they reached a point where they need to quit talking through the media. i'm talking about both parties and the leaders in congress. some of the most effective wi timth theresint or at dn least with the chief of staff and the director with our key budget people and we really talk about alternatives and hammered it out. >> this will be the test. if we reset it has to happen around the fiscal cliff first. there a lot of other issues out there that co
and national polls show a changing attitude. will this tragedy inspire washington to act? >>> here in newton, students returning back to school this morning, but they won't be going back to sandy hook elementary. at least not yet as another little girl laid to rest, just one day after two first grade boys buried. >>> a new sign that the tide could be turning on gun control. gun control stocks under fire. a pension fund may have to strip investments. >>> and movement on the fiscal cliff. we may be moving much closer to a deal, with the president making a surprise offer. >>> it is tuesday, december 18th. you're watching a special edition of "starting point" from newtown, connecticut. we begin right now. >>> welcome, everybody. a special edition of "starting point," live this morning from newtown, connecticut, the site, of course, where an unthinkable massacre at an elementary school has really shifted the landscape in the gun control debate. here is the latest on that president obama meeting with senior staff and cabinet members yesterday, to see proposals that will include reinstating a ban o
. >> brings more obstruction from speaker boehner. >> the white house has wasted another week. washington has a spending problem, not a revenue problem. >> and a dodge on jobs. >> why take such a risk when the jobs number is improving? >> well, because the risk the president wants us to take, increasing tax rates, will hit many small businesses. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. >> plus, go on. >> south carolina senator jim demint is dequitting. >> run stephen, run. >> you want somebody young, conservative, from south carolina. maybe who has super pac pointing -- wait a second. ♪ >> thank goodness it's friday and it's a busy one at that. we have breaking news. within the last hour, the supreme court has announced that it will for the first time take up appeals on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy gen
the government. they like to see themselves as outsiders who are only in washington because they want to destroy washington. so mostly when you hear rhetoric like that from the right, it is ideological posturing. if it were a real governing philosophy of the republican party, the government would not always get larger under republican presidents the way it does. but there is one part of government where that sort of attitude, the get it down to the size where you can drown it in the bathtub attitude is not just empty right-ring branding and hyperbole. there is one part of governance at the federal level where the conservative movement has actually succeeded in making government small enough to drown it in the bathroom at home that part of governance still technically exists, but they have hollowed it out and sucked the life out of it. they have made so it weak, it cannot properly function, and nobody expects it to. and you can tell what part of governance they have done this to with one simple test. find any other federal agency in the united states government when on the day that the president
earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even past the edge of the deal and then something happens. i still think the market believes there will be a deal, but it is a deal that might happen on january 14th. so, i don't think december 31st is a real deadline, in the mark it's mind. >> steve, tell us, what are the things that can happen that will sort of rouse the market here, move the market up or down ire way? >> well, first of all, i think the tendency for the market right now is to go higher because you have zero interest rates and zero interest rates act as a tremendous stock market flotation device. opposing investments are, you know, yielding essentially nothing at this point, so stocks become very attractive. but i still think the big story and the stories that most traders will be watching is the fiscal cliff so that's story number one. an interesting thing happened yesterday and that's the price of oil traded to an all-time high going back to october, not an a
. i want to get to washington with some of the latest headlines regarding speaker boehner and what eamon is referring to as plan b. >> what we know is the speaker is in the basement of the capital building here right now, meeting with republican lawmakers to brief them on the status of the fiscal cliff negotiation, and what a gop leadership aide is now telling news news is the speaker is now prepared to offer what he's calling a plan b, or a modified plan b in which we don't do the grand big deal that the president and speaker of the negotiating on, but instead do something much smaller that would eliminate the pending tax increases for all americans, the speaker saying that he would like to have some kind of a deal, a modified scaled-down proposal now that would eliminate those for as many people as he can. the details are very sketchy on what modified plan b actually means in practice. but basically, it's something he can keep in his hip pocket right now in case these negotiations with the president don't bear fruit. and presumably what we're talking about here, carl, is a little
for households making $1 million. so movement from both sides. cnn's dan lothian in washington with the latest on this. good morning, dan. >> good morning, john. the big question, can speaker boehner sell this proposal to house republicans? this is very dramatic, president obama had always dug in, saying there was no deal unless taxes went up on households making more than $250,000. now the president raising that to $400,000. this new proposal or counterproposal coming during a meeting at the white house between the president and speaker boehner yesterday. it lasted 45 minutes. in addition, the president proposing $1.2 trillion in new revenue. down from 1$1.4 trillion and 1$2 trillion in spending cuts. this meets the demand that speaker boehner had for an equal amount of spending cuts to revenue. but house republican aides say while this is a step in the right direction, they don't believe the president's math really adds up. brendan buck says a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balanced. so still some distance here betw
big thing is no vacation without legislation. >> right. >> the "washington post" said as of last night, the halls of the capital were virtually deserted. >> cody's the only guy working there. that's embarrassing, isn't it? >> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for
to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for the dow since 2006 because of the jitters about the fiscal cliff. it will be an interesting few days as c
or the "washington post." 180 degrees. >> what did he mean? >> there's plenty for conspiracy theorists today. ties to all the central banks all around the world, they have these secret dinners every couple of months. as if the fed needed more distrust among fed watchers, right? >> i havend the privilege last r of going to a dinner with fisher, who is crucial -- you look at the diagram. this is just an alumni association that has allowed other people in. this is an m.i.t. thing. fisher is regarded as being the man who saved east asia in the '90s. you know, these guys have been more than upfront that there's a club. i think it's just being written about for the first time. >> yeah. mark, the consensus is $45 billion in monthly purchases of treasuries. that's what's expected. if we don't get that, a lot of market analysts believe that the markets will be extremely disappointed. this off of a string of gains. the first five-day winning streak for the dow since march. the dow, in fact, is at, what, the highest level since october 22nd. s&p the highest level since november 6th, which, of course, was the
. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pace for the first back-to-back triple-digit gains in nearly five months. can we hold on for the final hour? >> let's talk about that in our closing bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this m
, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to avoid the cliff, period. >> yes, we do. >> we do. to your point, carl, $20 billion in special dividends have been paid out this quarter. some of the economists said this would be a jump of income in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increa
quickly here. john harward in washington here today. thanks a lot. the cheddar, bacon, onion sandwich that boosted sales for mcdonald's in december. >> steve liesman's exclusive interview with richmond fed president jeffrey lacquer. the lone dissenter at every fed policy meeting this year. more "squawk on the street" after this. the . >>> all right. if the sight of this sandwich makes your mouth water, then you are in luck. because the mcrib is back at mcdonald's today. but how much do limited time offers really impact on sales? we're here to break down the mcrib effect. ladies, great to have you with us. rachel, i'll start off with you. what sort of impact could we see potentially in the month of december? i read in the past, in 2010 at least, one of these limited introduction offers that it actually boosted sales by almost 5%. >> i think it depends on what the lto is and what the prior year same-store comparison is. i wouldn't expect to see a positive number of the magnitude that you're discussing. actually, frankly, it will probably be something in the single digit negatives. but a
this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to
's an example of how just murky the divisions are in syria, later today washington will declare one of the group of rebels a foreign terrorist organization. according to federal documents the group is merely another alias or al qaeda in iraq. >>> this morning we know the name of the navy s.e.a.l. killed during a raid to rescue a kidnapped american doctor in afghanistan. the s.e.a.l. is identified as petty officer first class nicolas checque. barbara starr joins us from the pentagon with more on petty officer checque, a member of s.e.a.l. team six, the same elite unit that of course took out osama bin laden. barbara? >> good morning, ted. the military is confirming now that the body of 28-year-old nicolas checque has been returned to the united states, back to his family. no announcement about burial services for this young man, a native of pennsylvania, navy s.e.a.l. who is remembered by those who knew him at his high school, his principal, his wrestling coach, talking about the young man they knew when he was a boy back in school. >> worked hard every day, never complained. those are the things
around. we'll get back to you as well. >>> from wall street now to washington where the white house is keep iing a close eye on today's numbers. brianna keilar joins us now live. good morning, brianna. >> reporter: good morning to you, don. we're still awaiting reaction from the white house and also from congssional republicans. they've long said at the white house, take a look at the trend of these nuchls over the month. so this number, paired with the last couple of months on its face, they will say the trajectory looks good, obviously more needs to be done. maybe the president can point to this and say my economic policies are working. the fact is that the election is over, many americans bought that argument. you're not seeing the frenzy here or even on the hill, quite frankly, in responding to these jobs numbers and trying to spin them. but also to the point that alison made as well. perhaps it's something that doesn't add a whole lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled w
to that. let's turn to paul steinhauser in washington, d.c., this morning. it seems that everybody is digging in their heels at this point. do you see any hope on the horizon? we have 12 days. >> reporter: at least publicly both the president and house speaker john boehner are talking very tough. behind the scenes we're not sure what is happening. yesterday the president came before cameras and talked about the fiscal cliff after making an announcement on gun control. two hours layer, the house speaker went in front of cameras and talked for 56 seconds before quickly taking off. here's what both men said. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> at some point they have got to take me out of it and think about their voters. and think about what's best for the country. and if they do that, if they're not worried about
him to washington to meet with president obama next month. now, the key question for these leaders is where do things now stand and what's next? 11 years, 2 months, and 6 days. >> we will not waiver. we will not tire. we will not falter. and we will not fail. peace and freedom will prevail. >> reporter: just one month after 9/11, president george w. bush launched operation enduring freedom, the war against the taliban and al qaeda in afghanistan. the sacrifice has been steep. more than 2,000 americans dead and more than 18,000 wounded. $642 billion spent, and untold number of afghan civilians killed, at least 12,000 in the last five years. with that sacrifice came some progress. the taliban was removed from power and -- >> i can report to the american people and to the world that the united states has conducted an operation that killed osama bin laden, the leader of al qaeda. >> reporter: but as combat troops prepared to come home in 2014, the taliban is resurging. just this week, a member of the navy's elite s.e.a.l. team 6, the same special ops group that killed bin laden, died d
without finishing their project. >> a couple good poll numbers out today. abc/"the washington post" if we went off people would blame gop by two to one margin and then the pew poll. 49% do not believe a deal will be reached. 40% say a deal will be reached. >> i just know that if you're a republican, there's a primary. if you are going to run in that primary going forward, you'll have no problem provided you pledge to norquist not to raise taxes and you don't. these guys don't worry about primaries. they don't care about what the republicans -- they don't even think themselves as republicans. they think of themselves as anti-tax people. and they feel they pledged to their constituents that they're won't be any tax. that's all they care about. >> they're $800 billion plus into a deal. >> i guess the gap has been -- >> right. it's been narrowed. >> every offer is something. >> both of the offers were exactly what both sides promised during the campaign. they're still not willing to get off the stump. i think they believe we're no closer than where we were last year. >> didn't it take your br
, no deal in washington. let's go "outfront." >>> good evening, everyone. "outfront" tonight, desperate for answers. investigators spent the day at the home of 20-year-old adam lanza, sweeping the house for evidence of a motive. behind the rampage in which 20 children were killed and seven adults, including his own mother. there are also new details tonight about nancy lanza's whereabouts in the days before the shooting. deborah fayerick is live outside the home tonight. what has happened there tonight and today? >> it's rather remarkable because the major crime squad has been here all day and as we push into the house, lights are on in the top and bottom floor. now, they brought back the mobile crime lab and they're processing this crime scene. investigators have not retrieved any information from the damaged computer, the one that gunman is alleged to have smashed into pieces. the hard drive so damaged the fbi is having a difficult time getting any data. so what investigators are doing now, about half a dozen of them in the house. they're going through all documents, files, medicine c
in washington. >> do expect to close this deal second half. final question, the cme works they consider doing anything, coming in over the top? highly unlikely. my sources say because of anti-trust certainly in one way. didn't the first time when there was up potential. that is not expected. this deal is expected to make it to the finish line. one never knows. two shareholder votes needed. ice and nyse. >> fabulous reporting. first to get the deal price. well done. >> topic of conversation in this room this morning. as jim mentioned, futures on the rise a day after a concern about the fiscal cliff talks weighed on stocks. the batlogical escalate today. the house set to vote on boehner's so-called plan b. keep taxes from rising with people i incomes below $1 million in the event no deal is struchblg the president will veto the bill if it passes congress, he says yesterday, take me out of it take the deal. that was followed by the speakers a famous now -- by now famous 59-seconders were. jim, your point about big changes of control, these big disposition of assets happening, corporate america d
if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 billion cubic feet which is much greater than what the consensus was. that was between 64 and 68 million cubic feet. but it's also far greater than what we normally see this time of year. greater than last year's withdrawal. greater than the five-year average and it lets you know that we saw much cooler temperatures last week that certainly
've not talked a lot about the cliff today. it's been kind of refreshing. cover of "the washington post" today. why doesn't the market care, right? >> i think the market doesn't understand to some degree. there's a whole new school of thought that says it would be good. another school of thought that says it doesn't matter that much. they created the cliff to be able to drive us into recession to force compromise. it's rise above. to think that this won't mean anything is just -- i don't know. i think it's silly. >> we do have some other things to balance it out whether it is china today or -- >> freeport. i'm stunned by freeport. come on "squawk on the street" and tell us why you think this is a decent deal. >> no stranger to our airwaves. >> he should call in right now. why is this a good deal for shareholders? you have destroyed your own stock. >> we'll see you tonight, jim. when we come back, we're moments away from potential market mover. breaking news on ism services is coming up and factory orders plus the president as we said talking to business roundtable about fiscal cliff. he'll tak
blocked the committee from withdrawing his nomination. >> now to washington where president obama is warning republicans not to use the fiscal cliff as a borrowing limit. both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looki
day here on continuing hopes that we will get some sort of deal out of washington. also, with that euro stronger, that's certainly boding well, the dollar a bit weaker. we've got bullish numbers out of the american petroleum institute looking ahead to today's inventory numbers coming from the government. drawdown on crude, drawdowns all across the board. that is supported in the energy sector. but do watch today the january contract expires today. there's much more action in the february contracts. we have to watch the curve a little bit. we could see a little bit of volatility. we'll be back at 10:30 with those inventory numbers from the government. back to you guys. >> all right. thanks very much, bertha coombs. we want to talk about sirius satellite radio. the longtime ceo stepping aside. effective immediately. a bit earlier than had been anticipated. this is a company that is more or less controlled by liberty. and will soon be officially controlled by liberty. they are still waiting for the fcc's right of control to essentially go through. 49.8% of the company right
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